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BREAKING
Commander-in-Chief of Iran’s Islamic Revolution Guard Corps, Major General Mohammad Pakpour: If the enemy makes a mistake, we will respond forcefully, just as we have over the past 12 days
Macron: Reaffirmed importance of using the path of negotiations regarding Iran's nuclear capabilities
Macron: Told 'Israel's' Netanyahu that he shares with him the objective that Iran should never have nuclear weapon
Macron: Reaffirmed to 'Israel's' Netanyahu the need for ceasefire in Gaza
Macron: Spoke to Netanyahu, highlighted mportance of respecting 'Israel'/Iran ceasefire
Iranian Health Ministry: Israeli aggression on Iran has resulted in the martyrdom of 627 people and the injury of 4,870 others across various provinces of the country
Khatam al-Anbiya Headquarters mourns its commander, Ali Shadmani, who succumbed to severe wounds sustained during last week's Israeli aggression on Iran
Hamas: Any agreement must guarantee a cessation of aggression and war against our people, a permanent ceasefire, and a complete withdrawal of occupation forces from the Gaza Strip
Hamas: We affirm our continued positive engagement with the mediators' efforts and with any serious ideas or proposals that could lead to a comprehensive agreement
US President Donald Trump: US will talk with Iran next week

Netherlands: Inflation surpasses 10% for the first time since 1975

  • By Al Mayadeen English
  • Source: Agencies
  • 5 Aug 2022 09:26
2 Min Read

Energy prices increase by 108 percent in July compared to the same month the previous year, as per the Dutch Central Bureau of Statistics.

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  • The Dutch system of calculation recorded 10.3 percent inflation in July.
    The Dutch system of calculation recorded 10.3 percent inflation in July.

The Dutch Central Bureau of Statistics (CBS) reported that inflation in the Netherlands reached 10.3 percent in July for the first time since 1975.

Prices increased by 8.6 percent in June, as per the Bureau. Meanwhile, inflationary pressures are being driven by rising prices for energy, food, not to mention rent.

Energy prices increased by 108 percent in July compared to the same month the previous year, while food prices increased by 12.3 percent. Grain, dairy products, sugar, and ice cream are the food products with the greatest price increases.

The Dutch system of calculation recorded 10.3 percent inflation in July, while the EU method produced a higher figure: 11.6 percent.

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In the past few months, the US, the EU, and its allies have been initiating a series of campaigns against Russia.

Despite the sanctions and the partial embargo imposed on Russia's oil, the Russian economy has defied the odds in countering oppressive measures.

The IMF stated last week that Russia's economy looks to be weathering the storm better than predicted, owing to high energy prices and strong resilience of domestic demand as a result of government support.

However, sanctions against Russia proved to be devastating for its unintended targets, as the West and its peoples have been thrown into a recession.

Read more: Le Pen: End useless sanctions against Russia

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